Comcast Co. (NASDAQ:CMCSA) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC cut its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,723 shares of the cable giant's stock after selling 43,160 shares during the quarter. Comcast makes up approximately 0.5% of Morningstar Investment Management LLC's investment portfolio, making the stock its 24th largest holding. Morningstar Investment Management LLC's holdings in Comcast were worth $6,332,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CMCSA. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new position in Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast during the 4th quarter worth approximately $28,000. Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the third quarter valued at $30,000. Finally, Iron Horse Wealth Management LLC grew its position in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after purchasing an additional 522 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company's stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Trading Down 0.4 %

Shares of CMCSA traded down $0.16 during midday trading on Friday, reaching $36.26. The company had a trading volume of 21,402,835 shares, compared to its average volume of 26,761,117. The firm has a 50 day simple moving average of $36.65 and a 200-day simple moving average of $39.60. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $137.08 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. Comcast's dividend payout ratio is currently 29.88%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a report on Friday, January 31st. Loop Capital cut their price target on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Barclays dropped their price target on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. BNP Paribas upgraded shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price objective for the company in a research report on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.